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6-2 Final Project Milestone 3: Section 2 External Competitiveness $11.49   Add to cart

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6-2 Final Project Milestone 3: Section 2 External Competitiveness

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6-2 Final Project Milestone 3: Section 2 External Competitiveness

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  • April 16, 2022
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Running head: 6-2 FINAL PROJECT MILESTONE 3: SECTION 2 EXTERNAL




6-2 Final Project Milestone 3: Section 2 External Competitiveness

Ross Merel

Southern New Hampshire University Online

OL-325-Q6366 Total Rewards

David Miller

August 12, 2018

, 2
6-2 FINAL PROJECT MILESTONE 3: SECTION 2 EXTERNAL

6-2 Final Project Milestone 3: Section 2 External Competitiveness

The organization of E-Sonic is one that requires the need for a pay-policy that is

personalized to the precise divisions within the company. An either-or method would not be

suggested as it effects the firm’s capability to stay competitive. When shaping the pay-policy

mix for the administrative branch it is rational to vary it from the more competitive departments

pay scale such as the marketing department. The marketing branch, for example, is a results-

oriented department and would function well using an incentive-based pay program such as

recompense for individual sales goals. The administrative branch is support staff and could not

be measured by the same guidelines as the marketing department, or any other competitive goal-

oriented division.

Position Merit Based Pay Pay for Performance

Administrative Assistant $200 $200

Executive Assistant $200 $200

Office Manager $200 $200

Note: 1*Merit based pay raises over a 10-year period total $2000, Pay for Performance are one time payments and are not
cumulative over time.

The most sensible pay-policy for the administrative branch would be a merit based pay

scale. A merit-based pay-policy for the administrative branch would the most reasonable based

on job responsibility. Merit-based pay scale has the benefit to the employee of being

accumulative over time. As the chart above illustrates a merit raise of $200 increases the

employee’s potential earnings over a 10-year period to an additional $2000. A pay-for-

performance bonus would afford the employee a one-time pay out but would not be

accumulative. Pay-for-Performance bonuses are also taxed at a higher rate. The two factors that

will be looked at for deciding merit increases for administrative staff will be Market Price and

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